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Trusts Archives

When can a trustee file a petition with a court?

Many Minnesota residents value their independence and ability to get tasks done on their own. Indeed, it can be a great source of self-pride when an individual accomplishes something without the help of others. At the same time, it is necessary on occasion to obtain help from others. This is particularly true when it comes to matters involving the legal system, as Minnesota law is complex and, in some cases, requires certain procedures to be followed that require the help of others.

What powers does a trustee have under Minnesota law?

There are often only a few people whom Minnesota residents trust to handle their most sensitive and private matters. This is particularly true when a certain expertise is required to take care of property or other issues, as the person in charge must be qualified and up to the task.

Learning valuable lessons from celebrities' estate plans

When it comes to Minnesota residents learning valuable life lessons from celebrities, it can often be a case of "do what I say, not what I do." This is not always the case, however, particularly when it comes to estate planning, as the unfortunate deaths of celebrities can shed light into valuable estate planning lessons.

Meeting your goals through trust planning

A little bit of planning can go a long way for St. Paul residents. On a smaller scale, individuals plan their activities more than they may realize, whether it be planning for meetings at work, or planning for a vacation. When it comes to major events in life, however, there is no question that planning is important in order to make sure every detail is taken care of and considered before the event occurs.

Caring for special needs children through trust planning

The thought of a parent leaving a child behind after death may be an unpleasant one for many St. Paul residents. This can be especially true for parents who have minor children or children with disabilities, as those children often depend heavily on the parents to provide for daily necessities.

Protecting children through estate planning

There is nothing more important in the lives of many St. Paul residents than their children. This is particularly true for parents who spend the majority of their days caring for younger children, as the process of watching the children grow is an experience like none other.

Lou Reed's estate shows benefits of revocable trusts

It is a sad day when a loved one dies, including when celebrities die who Minnesota residents have followed and connected with over the years. Yet, these incidents can be teachable moments for others in terms of what to do and what not to do in estate planning.

Choosing the right trustee to manage your trust

A key ingredient of most successful businesses is proper management. Likewise, when it comes to running a family's personal finances, it can help to have a person who can properly manage the finances and who understands the different factors involved in making good decisions.

Setting up trusts for loved ones' educational needs

Many St. Paul youth are thrilled to be out of school for the summer season. While their minds may now focus on other activities, parents, grandparents and others may still be focused on their loved ones' school needs, particularly from the financial side of things.